Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: goldworldnet who wrote (314591)	11/5/2002 12:39:06 PM
From: Bill	Respond to of 769667

That's not fair to those making over $1 billion per year.

To: goldworldnet who wrote (314591)	11/5/2002 12:46:32 PM
From: David Lawrence	Read Replies (2) \| Respond to of 769667

It's a proven fact that lower marginal and capital gain tax rates increase tax revenues while at the same time stimulating productivity and the economy as a whole. When Ronald Reagan took office in 1981, the top marginal tax rate inherited from Carter was 70%, and federal revenues generated by tax revenue was about $500 billion. When Ronald Reagan left office in 1989 the top marginal rate was 28%, and federal revenues had nearly doubled to $915 billion. And, before someone jumps in citing the soaring deficits that occurred at the same time, that was due to massive increases in defense spending, which brought on the fall of the Soviet Union and the Iron Curtain.